Accounting Degrees in Arkansas
Home to two of the country’s largest retail and food companies—Walmart and Tyson Foods—Arkansas’ economy is ranked 34th in the nation in terms of gross state product. The state also boasts several other Fortune 500 companies, along with two of the Big Four international accounting and auditing firms, Ernst and Young and Deloitte & Touche. Arkansas supports a diverse economy based around industries such as manufacturing, agriculture, mining, forestry, and tourism. The state supports more than 500 licensed CPA firms and approximately 6,000 CPAs, and these numbers are only expected to grow. The Bureau of Labor Statistics expects accounting and auditing jobs to increase by about 13.7% in the coming decade, an increase that’s higher than the national average.
Arkansas at a glance
|Per Capita Income||$22,883|
|Fortune 500 Companies||7|
|Licensed CPA Firms||514|
Accounting Programs in Arkansas
Search our comprehensive school directory to explore the accounting programs in Arkansas, including campus-based, online and hybrid programs.
- Degree Levels
Accounting Salaries and Employment
From 2012 levels, the Bureau of Labor Statistics (BLS) projects Arkansas will add an additional 900 CPA positions by 2022. This nearly 12% increase is on pace with the anticipated national average growth rate for CPAs.
This estimated increase of almost 1,000 additional CPAs is expected to take their place largely in the growing manufacturing and distribution sectors. The mean annual wage of Arkansas CPAs is more than $62,000 per year which is nearly 40% higher than the overall statewide income average.
Projected Job Growth for Accountants
Accounting Salaries by Specialty
Associate Degree Recommended
Bookkeeping and Auditing Clerks
Bachelor's Degree Recommended
Tax Examiners and Collectors
Master's Degree Recommended
Accountants and Auditors
Personal Financial Advisors
Top-paying cities for accountants
- West Arkansas nonmetropolitan area
- East Arkansas nonmetropolitan area
- Little Rock-North Little Rock-Conway
- South Arkansas nonmetropolitan area
Becoming a certified public accountant (CPA) in Arkansas
Licensing for Arkansas CPAs conforms with standards and requirements elsewhere in the country. Specific requirements include a minimum of a bachelor’s level degree combined with an additional 30 credits of postsecondary coursework. In addition to the 150 credit hour and degree requirements CPA candidates must have at least 2,000 of work experience under the direct supervision of a licensed CPA.
Eligibility for CPA Licensure in Arkansas
An applicant for licensure as a CPA in the state of Arkansas must be over 18 and either US citizens or legal residents with a valid social security number. Candidates must also pass all four parts of the uniform CPA examination within a single 18 month period.
Arkansas along with a majority of other states has enacted CPA mobility legislation which enables CPAs who have been licensed in other states to transfer their license to Arkansas without have to submit to reexamination. Arkansas does require that CPAs relocating to the state have licenses that are in good standing in their former home state.
|Social Security # Requirement||Yes|
|Education Requirement for Licensure||Bachelor's degree (150 hours)|
|Participates in International Programs||Yes|
|Hours in Accounting||30 semester hours|
|Exam Sitting Requirements||120 hours|
|Experience Requirements||1 year of accounting experience|
|Ethics Exam||AICPA Ethics Exam|
Arkansas’ CPA eligibility and licensing requirements are available online. The Arkansas Public Accountancy Act of 1975 has been updated and contains all of the state’s accounting regulations.
Source: The American Institute of CPAsSource: The American Institute of CPAs
CPA exam fees in Arkansas
- Application Fee $170
- Auditing & Attestation $208
- Financial Accounting & Reporting $208
- Regulation $208
- Business Environment & Concepts $208
Candidates who did not pass all four sections in their initial attempt may retake incomplete sections within 18 months. Candidates applying to retake sections are subject to fees.
Certifying and Professional Organizations
The Arkansas State Board of Accountancy licenses and regulates Certified Public Accountants in the State of Arkansas.
The Arkansas Society of Certified Public Accountants (ASCPA) is a professional membership organization whose goal is to serve its members and the public interest by supporting education and professional standards.
Arkansas Board of Accountancy
101 East Capitol, Suite 450
Little Rock, AR 72201